PXR has advised funds managed by Project A on a EUR 1.2 billion secondary transaction relating to Trade Republic.

The transaction represents a further evolution of Trade Republic’s shareholder structure and provided a tailored liquidity solution for selected investors, while strengthening the company’s long-term investor base. It reflects the increasing sophistication of secondary transactions in the European private markets and their role in supporting the continued growth of leading technology companies.

PXR advised on all material legal aspects of the transaction.

The PXR team was led by Dr. Peter Möllmann and Dr. Cornelius Karcher, with Michelle Karrer, Chris Cerny and Carmen Hübner advising.